2023-09-02 22:34:04
When does Lumi subscription start?
When does Lumi subscription start any day? What is the subscription information in Lumi company? In the Kingdom of Saudi Arabia, there are many distinguished companies that contribute to the Saudi trading market, including the Lumi company, which works in the field of car rental, as we will show through the Moments News website, which day the Lomi company’s subscription begins.
What day does Lumi subscription start?
Lumi Company is one of the most important and largest car rental companies in the Kingdom of Saudi Arabia, which is headquartered in the city of Riyadh, as it is one of the companies that contribute significantly to the Saudi IPO market and achieve a lot of profits.
Where the company announced that the subscription for its shares begins on the day Tuesday, September 12, 2023 AD After the approval of the Saudi Stock Exchange, Tadawul, to list Lumi Company in the main market, which was suspended until obtaining the approval of the Capital Market Authority in the Kingdom, and the approval was issued on March 29 of the current year 2023 AD.
How many Lumi shares are offered for subscription?
Recently, Lumi Company announced the offering of 16.5 million ordinary shares for subscription in the Saudi Stock Exchange on the 12th of next September, equivalent to 30% of the total shares owned by Lumi Company.
In addition, the company set the price range for the shares announced to be offered for trading between 62 and 66 Saudi riyals for each share, which makes the company’s market value reach 3.6 billion Saudi riyals.
Subscription information
In the context of knowing when the Lumi subscription begins on any given day, we will present all the details related to the subscription in the Lumi company, which are evident in the following:
Offering percentage 30%
The number of shares to be offered
16.5 million shares
The subscription period for underwritten institutions and the book-building process is from August 30th to September 05th. Those eligible to subscribe
Participating categories and individual subscribers
minimum for individuals
10 shares
The minimum for participating classes (institutions) is 50 thousand shares The maximum limit for individuals is 250 thousand shares The maximum limit for participating classes (institutions) is 2.75 million shares
Announcing the final allocation of offering shares September 21, 2023 Individual subscription period One day is September 12, 2023 Refund of excess subscription amounts September 21, 2023
Lumi Rent A Car Company contributes significantly to the Saudi trading market in the coming period following obtaining the approval that enables it to conduct trading.
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